LV= Asset Management is seeking to change the name of its Stockmarket portfolio, FundWeb reports. The LV= Stockmarket fund of funds will be re-named as the LV= Worldwide Select to reflect the focus of the firm on global equities.

The investment objective of the portfolio will not be changed and it will continue to be part of the active managed sector of the Investment Management Association. The new name of the fund, which is pending regulatory approval, will be effective from July 1, 2011.

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